Malaysia legislation

Section 34

of LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 34

(a)

register the public fund in the register maintained under

Division 5 of this Part; and

(b)

issue a certificate of registration to the public fund.

Act 704

(2)

Where the Authority grants a provisional acceptance under paragraph 33(1)(b), the promoter of the proposed public fund shall, before the expiry of the provisional acceptance period or renewed provisional acceptance period deliver to the Authority—

(a)

the provisional acceptance of the Authority;

(b)

proof satisfactory to the Authority that the proposed public fund is lawfully constituted in Labuan or any recognized country or jurisdiction; and

(c)

the information referred to in subsection 32(1).

(3)

If the Authority is satisfied that the proposed public fund referred to in subsection (2) has complied with the requirements of that subsection it may grant registration to the public fund.

(4)

Where the Authority grants registration under subsection (3), it shall register the public fund in the register maintained under

Division 5 of this Part and issue a certificate of registration.

Prospectus relating to public fund